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ETFs

KFA Mount Lucas Managed Futures Index Strategy ETF

KMLM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 2, 2020
Expense Ratio
0.90%
Type
Global Hedge Fund
Fund Owner
Krane Shares
Volume (1m avg. daily)
$2,085,667
AUM
$273,615,064
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash
45.59%
B 0 10/05/23
B 10/05/23
14.43%
B 0 10/12/23
B 10/12/23
14.41%
B 0 10/31/23
B 10/31/23
14.37%
B 0 09/28/23
B 09/28/23
10.83%
n/a
BRITISH STERLING POUND
1.38%
n/a
CANADIAN DOLLAR
0.37%
n/a
EURO
0.20%
n/a
JAPANESE YEN
-1.58%
Invest with KMLM

What is KMLM?

KMLM is benchmarked to the KFA MLM Index, which consists of a portfolio of twenty-two liquid futures contracts traded on U.S. and foreign exchanges. The Index includes futures contracts on 11 commodities, 6 currencies, and 5 global bond markets. These three baskets are weighted by their relative historical volatility, and within each basket, the constituent markets are equal dollar weighted. The Fund and the Subsidiarywill be actively managed.

ETFs related toKMLM

ETFs correlated to KMLM include DBMF, TBX, PST

KMLM
KraneShares Trust - KFA Mount Lucas Managed Futures Index Strategy ETF
DBMF
Manager Directed Portfolios - iMGP DBi Managed Futures Strategy ETF
TBX
ProShares Trust - ProShares Short 7-10 Year Treasury -1x Shares
PST
Invesco Capital Management LLC - PowerShares UltraShort Lehman 7-10 + Year Treasury ProShares -2X Sh
TTT
ProShares Trust - ProShares UltraPro Short 20+ Year Treasury -3x Shares
TMV
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bear -3X Shares
TBF
ProShares Trust - ProShares Short 20+ Year Treasury -1x Shares
USDU
WisdomTree Trust - WisdomTree Bloomberg U.S. Dollar Bullish Fund
TBT
Invesco Capital Management LLC - PowerShares UltraShort Lehman 20+ Year Treasury ProShares 2x Shares
CTA
Simplify Exchange Traded Funds - Simplify Managed Futures Strategy ETF
UUP
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bullish Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toKMLM

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with KMLM using Composer

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FAQ

KMLM is a Global Hedge Fund ETF. KMLM is benchmarked to the KFA MLM Index, which consists of a portfolio of twenty-two liquid futures contracts traded on U.S. and foreign exchanges. The Index includes futures contracts on 11 commodities, 6 currencies, and 5 global bond markets. These three baskets are weighted by their relative historical volatility, and within each basket, the constituent markets are equal dollar weighted. The Fund and the Subsidiarywill be actively managed.

Yes, KMLM is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, KMLM is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on KMLM is 0.0464%. This is the percent change in the value of KMLM over the most recent 1-month period. The 3-month return on KMLM is 0.0849%. This is the percent change in the value of KMLM over the most recent 3-month period.

The standard deviation of KMLM for the past year is 0.1873%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to KMLM include PFF, PGF, and PGX.

ETFs correlated to KMLM include DBMF, TBX, and PST.

ETFs that are inversely correlated to KMLM include IGOV, DIAL, and BWX.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.